what does coinbase charge to cash out
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Coinbase Charges to Cash Out
Coinbase, a cryptocurrency exchange platform, charges a fee of 2% for withdrawals of less than $10,000. However, for withdrawals of $10,000 or more, fees increase to 3%. The fee structure is based on the amount withdrawn and the method of withdrawal.
For example, withdrawals of $500,000 using the wire transfer method will cost a total of $350,000. This fee includes both the exchange fee and the wire transfer fees. For withdrawals using the digital asset method, the fees are a total of $150,000. The fees for each withdrawal method are different and are based on the amount withdrawn and the method of withdrawal.
As of now, Coinbase does not provide any form of refund or cancellation for withdrawals. However, they do offer a safety deposit option, which can be up to $5,000, to cover any losses or mistakes made during withdrawal.
Overall, Coinbase's fees for cash out are quite reasonable and are competitive with other cryptocurrency exchange platforms. However, it is important to note that withdrawal fees may vary from time to time, so it is recommended to check the withdrawal fees on Coinbase's website or contact their customer support team to get the most up-to-date information.